Bloomberg Businessweek-2020-04-13

EmbraceAI.Embodytransformation.RevolutionizeyourenterprisewithAI.AIhaspowerfulpotentialtoboostgrowth,quality,andproductivity.Buthowfastcanyouunleashitspower?KPMGcanhelpyouscaleAIquicklytoaccelerateinsights,automateprocesses,andenhancedecision-making,allwhileinspiringhumancreativity.Learnmoreatread.kpmg.us/aiAnticipatetomorrow.Delivertoday.WOULDEVERYONEPLEASEMUTE?●Thebigbankruptcytest24●Fast-trackingavaccine8●Organizedlabor’smoment18April13,2020Zoomissuddenlycriticalinfrastructure.NooneismoresurprisedthanZoom44Inuncertaintimes,nomatterwhattomorrowholds,weremaininvestedInInvestorsInOptimismInGuidanceInSecurityInKindnessInServiceInClarityInYourNeedsInYourSatisfactionInYourTomorrowWeremaininvestedinyou.©2020CharlesSchwab&Co.,Inc.Allrightsreserved.MemberSIPC.(0320-0XNN)ADP110720-001April13,2020COURTESYJIMALEYFEATURES44TheNewSocialNetworkEricYuannevermeantforZoomtobeahouseholdname.Thencamethevirus50ContinentalDivideABloombergTVanchor’sfamilyconfrontsthepandemicinChinaandtheU.S.54Instagramvs.FacebookAnexcerptfromthebookNoFiltershowsthefounders’epicpowerstruggle◀Zoomtimes:Havearemotecocktailhour.Catchupwithrelatives.Date.Visityourtherapist2◼CONTENTSBloombergBusinessweekApril13,2020Cover:PhotoillustrationbyAdamFerrissPIGS:ALEXKRAUS/BLOOMBERG.CORONAVIRUS:ALISSAECKERTANDDANHIGGINS/CDC.BACKGROUNDS:ZOOM◼INBRIEF41.5millionandcounting●Bye-bye,Bernie●Airbnb◼AGENDA5China’sGDPtakesabeating●AWorldBank-IMFconfab◼REMARKS8BigPharmaistryingtorustleupavaccine,fast1BUSINESS12China’syearoftheelectricvehiclefacesashakeout13Forvitallyneededmedicalgear,considerthe3Dprinter15▼Withfarmershoardingfeed,thislittlepiggyhadnone16HowCVS’sCEOismanagingthemadness2TECHNOLOGY18Amazonemployeesareworried—andfireduptounionize20Ontopofeverythingelse,herecomethehackers21Isquantumcomputingonthevergeofaquantumleap?3FINANCE24Withbankruptcieslikelytosoar,bringonmoredebtrelief26Thesefundslookedsafe,buttheysurewerestock-heavy27Yourretirementdreamsmaynotbecompletelyshattered28WhathappenswhennobodypaystherentECONOMICS30Blue-collarworkersusuallytakeaseverehitinarecession,andtheonethat’scominglooksnodifferentPOLITICS34Anewstimulusisontheway,butconsensuswillbetricky35TheEUcan’tdomuchaboutOrban’spowergrab37Somenationsaremullingimmunitycertificates38Pakistan’shealth-caresystemwasalreadybroken.Now…39Strange,butintimeslikethese,peoplelovetheirleadersSOLUTIONS40AsAIbattlesthepandemic,regulatoryquestionspileup42Europecastsawaryeyeonhowrobotsgatherdata43ThesetechprosarefiguringouthowinvasiveAIcanbe◼PURSUITS60Therushtopurifyairathome63Smelltheroses,orareasonablefacsimile64Shiningalightontherealreasonyoucan’tsleep66YvesBéhar’s“wellnessmachine”forover-40bones…67…andthebestwaytosoothethemafterthatworkout◼LASTTHING68TheSpanishflu,Covid-19,andhowthejobmarketsdifferHowtoContactBloombergBusinessweekEDITORIAL212617-8120●ADSALES212617-2900,731LexingtonAve.NewYork,NY10022●[e-mail]●FAX[phone]●SUBSCRIPTIONCUSTOMERSERVICEURLbusinessweekmag.com/service●REPRINTS/[e-mail]●LetterstotheEditorcanbesentbyemail,fax,orregularmail.Theyshouldincludethesender’saddress,phonenumber(s),andemailaddressifavailable.Connectionswiththesubjectofthelettershouldbedisclosed.Wereservetherighttoeditforsense,style,andspace●Followusonsocialmedia▶FACEBOOKfacebook.com/bloombergbusinessweek/▶TWITTER@BW▶INSTAGRAM@businessweek◼COVERTRAILHowthecovergetsmade①[Bloopingvideologinsounds]“Thisweek’sstoryisaboutZoom.Witheveryoneworkingfromhome,thevideoappisbasicallycriticalinfrastructure.”“I’llgetonit.”[Rapidmouse-clicking]②“Feelsurgent,butnotenoughZoom.”[Childscreaming]③“Well … youwentthere.Littlemuch,no?”[Dogbarking]“Isthatyourdog?”[Furioustypingsounds]“Idon’thaveadog!”[AthousandrustlingSunChipsbags]“IneverthoughtI’dmisstheopen-planoffice.”VariDesk®isNowVari®LearnmoreatVari.com/flexible-businessorcall(877)291-9137.WhenwecreatedVariDesk–theworld’sleadingstandingdesksolution–weimprovedthewaypeoplework.Today,Variissomuchmorethandesks.Wehavewalls,workstations,andalltheofficefurnitureyouneedtocreateaflexibleworkspaceforyourgrowingbusiness.Patentandtrademarkinformation:vari.com/patents|©2020Varidesk,LLCAllrightsreserved.○CardinalGeorgePellwasreleasedfromprisonaftertheHighCourtofAustraliaoverturnedhisconvictionsforchildsexualabusefollowingatwo-yearlegalbattle.Thecleric,whowasservingasix-yearsentence,hadmaintainedhisinnocencesincebeingchargedin2017.Thecourtfoundthejuryhadnotproperlyconsideredalltheevidencepresentedatthetrial.○Lufthansalostitsfinancechiefinthemiddleofitsworstcrisis.UlrikSvenssonresignedforhealthreasons,theGermancarrierannounced,deprivingitofakeyexecutivetohelpshoreupitsfinancesdepletedbyalargelygroundedfleet.○BlackstoneCEOSteveSchwarzmanpredicteddisruptionsfromthecoronaviruspandemicwillcosttheU.S.economy$5trillioningrossdomesticproduct.Buttheslumphasalsocreatedinvestmentopportunities,andthefirmwillputsomeofits$150 billionindrypowdertouse,hesaid.4BloombergBusinessweekApril13,2020INBRIEF○Globalcoronaviruscasessurpassed1.5 million.○3Mwillpr